5 Bear Market Mistakes to Avoid

[Robert518]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

[carlfebz2]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

Easy to say but would really be hard to be implemented on ones self on which you cant really be able to avoid on not to be that impulsive towards bear market specially when you do see that it is gradually creeping

out some negatives on your overall portfolio which it doesnt really look nice and as a human being then it would really be just normal to have these kind of emotional reactions deep inside which does
simply means that controlling it wont really be that simple or easy.

In bear market then the primary rule you should stamped on is not to make out some panic sell.You wont lose nothing if you dont sell + you should really be
that wise on accumulating while prices of coins in the market is already cheap.

[boyptc]

Panic = FOMO

That's the problem for many traders and investors. It's a bear market that we don't know when it will be on the bottom and when it will be stopped.

Too hard to say when there are too many incidents happening just like the FTX/Binance matter that we're seeing right now.

[TimeTeller]

Panic = FOMO

That's the problem for many traders and investors. It's a bear market that we don't know when it will be on the bottom and when it will be stopped.

Too hard to say when there are too many incidents happening just like the FTX/Binance matter that we're seeing right now.

I did not expect also the Binance-FTX latest news. Binance will further cement their position in this market.
A multi-billion dollar company but decided to sell it to rival business company.

At one point being a trader myself, I can say, I am still guilty of one of the things listed by the OP.
I guess, from time to time, we can still feel those emotions as we travel this journey of being a trader.
It is not always we are confident with our decisions, because factors are changing every time.

[harizen]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

That's why it becomes "common" because those are something tough to deal with.

If that's how easy to deal with the bear market, then why still make a strategy during that trend?

It's better to absorb that mental-related stuff since that will fuel more of our experience to become used to dealing with a bear trend. Without the experience of being in an actual loss, stress, panic, FOMO, being weak hands, a trader can't be an improved trader in the future.

[Zilon]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

Be more specific with avoiding short term investment. Most cryptos are best with short term investment. It is more like a hit and run project. Wait for a pump take the profit and walkout on the coin but when talking about Bitcoin investment then short-term investment doesn't work well because it takes a long time to make a bull run, another long time to make a correction and a longer time to consolidate.

Overtrading is what makes many good strategy of less effect. Less trading and more reviews will boast any trading strategy because it gives so much time to look out for possible loopholes and mistakes but Overtrading keeps the focus on making profit not minding if the strategy is well applied.

Mental Health is like a key to any good result. Stay safe because the market is always busy and profitable. I have a trading target every week and i make sure once i hit that target i close trading for that week even if it takes me two days to makes that very amount i end my trade then have enough time to examine myself, my strategy and possible improvements ahead of the next week

[sheenshane]

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

It's pretty common but it's hard to deal with and sometimes we need to diversify our portfolio or invest fractionally while dealing with the bear market trend and do dollar-cost averaging (DCA) to get the most out of our capital while continuing to diversify our holdings.

Holding in a long term is an advantage of your investment or stay invested while the market declining, those common mistakes are right that you should avoid, and never sell your portfolio when the price is under upon your purchase.  Also, it's better not to use cash that you'll need soon, only the amount that you can afford which is considered as your investment in the long term.

[examplens]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

this sounds like it was written by someone who has never felt even close to such a potential situation.

Panic

if you have invested a large amount of money or at least a large percentage of personal savings, it is very difficult not to panic. you watch your capital disappear, but you are completely relaxed. Sounds weird, right?

Putting in Emotional Efforts

it is very difficult to turn off emotions if the current market has a bad effect on your finances.

Investing short-term & Overtrading

Sounds like gambling out of desperation to minimize loss. That was never a good solution.

Mental Health

I am not sure how Mental Health affects avoiding bear market mistakes.

[goinmerry]

However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

These are a product of ourselves. A common mental experience for anyone. Is there really a way to avoid it?

Trading without emotions? Are that even possible lol?

Why avoid being in that situation if it can be managed along the way? Traders are human and there's no 100% way to avoid such emotional actions. They key here is to learn from mistakes, try our best to minimize our losses, and always stay focused on achieving our trading goals no matter what.

[GeorgeJohn]

Let point at panicking via investment as op underlined or caution, so in the investment one thing that people consider most is the target via investment, because i have notice that while some loose most the target via investment is because of been curious to make profit in the market and also not to venture into lose in of their investment, so from my perspective it's wrong, because it's obvious that any investment of cryptocurrency has an advantages and disadvantages. Because panic in any business, is one of the things that brings setback in the business.

[Sebas.tian]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

Yes, panicking can make you lose control in the market to sell your coins when the price is not yet high in the market, but based on what you are hearing from other investors that the bullish market is on already. Now that the price of cryptocurrency is still low in the market for investors to use the opportunity to buy and hold for a better future to come. it will be favourable to stop panicking in this bearish season than to continue holding your coins till the price hit higher. I don't think, it is advisable for investors to make use of Short term investments in this bearish season, because it will not help the Short term investors to grow higher like the way long term investors have hope of making a good incomes from their investments when the bullish season appear in the market.

[Mr. Magkaisa]

Overtrading

Mishandling emotions contributes to this. Overtrading often results from misreading an investment theory, missing an opportunity, or wanting to recoup earlier losses. All three prompt emotional decision-making. Remember, the market doesn’t care about your feelings; charts are just visual representations of information. It’s up to you how you interpret it. This is an objective process where emotions have no place.

- Indeed, the market does not care about the emotions that an individual trader will feel in the crypto space, that is because the market has no emotions.

That's why most people always remind me and it's been a long time here in this forum to always "invest only the amount you can afford to lose" or do your research before you invest"

Also, the actual practice of trading requires a thorough study first of how to understand what is on the graph or chart and to know its tools and how to use them properly and correctly.

[Strongkored]

Panic
Putting in Emotional Efforts
Overtrading
Mental Health

This is interconnected, a healthy mentality or it can be said that a clear mind will not make traders use their emotions excessively so that it creates panic and that causes overtrading.
but it's almost hard for traders not to get emotional when they see the market going unexpectedly, The news about FTX was really mind-blowing and panic ensued in the market causing the price to drop quite deep
Actually not only during bear market conditions but also bullish, positive moves can make traders overbuy When the market experiences a slight correction, panic immediately arises

Investing short-term

Nothing is wrong in short term investment when it is bearish, what's wrong is that we choose the type of investment that is actually not suitable in the current bearish conditions so that it leads to losses.

[crwth]

This can be summarized more simply with an explanation per factor. It's hard to understand if there isn't.

What I mean is this. For Panic = FOMO. That's already the thing that could happen. Whether it's a bear market or a bullish market, it's applicable. Panic selling or panic buying. And the fear of missing out is the general thing to see. It's the one that could mean avoidance in trading.

Putting in Emotional Efforts = brings a whole lot of meaning. It's not going to be good just saying that because it means you will put emotions. And emotions are trouble when you are trading or in anything you do. Emotions are a problem.

It would be best if you thought long-term about anything. That's the key to success.

Overtrading = It's a problem if you are losing. It's okay if you are making a profit—other factors like your emotions about losses and other issues that issues could affect it.

Mental health = It's the peace of mind that everyone wants to become more evident, more apparent thinking, and make okay decisions.

It's a good guide. But having mental health as the last doesn't make sense because the list says the things you must avoid. Why avoid mental health? That doesn't make any sense.

[AicecreaME]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

Panicking happens when you're not updated, or you don't know what you're doing, or you don't know well cryptocurrency and yet you invested all your money. When it comes to emotions, you really have to master how not to be overpowered by your emotions when you're trading, especially when you lose a trade, take a brake, reset, and trade again, don't ever chase your losses without any decent strategy.

Over trading is the act when you're chasing your losses, you lose your focus, risk your mental health by achieving nothing because you don't really have a plan except for chasing your losses, which is very scary.

[joniboini]

OP, while I understand your needs for marketing, I don't think posting such a short snippet of an article you posted on your website is the way to do it. If anything, it looks like cheap advertising and spam. Post some of your ideas here, add new reasoning, and then add the learn more at the end. Or you can put your blog link on your signature or personal text space. You can also make a dedicated thread for your channel/blog if doing something like this is your purpose.

[gantez]

Overtrading

I think this is a trader big challenge. Many trader want to stay on in the market for a long time as necessary even when they have profit. It is important to trading and I think traders practicing such will come to realize they are trading in wrong way. A trader is suppose to know the time that trading profit them. I'm not a real trader but I see some time are peak time so it is good to stay away for the time like that.

[maydna]

If you invest in crypto and choose bitcoin, you are not said to have lost money if you have not sold your bitcoin at a time when the price drops like now. And if you hold on to it when the price is down, and you can even buy more bitcoins when it's down, you'll see the profit coming when the price starts to increase. And that's when you can sell your bitcoins and take big profits. So in investing in bitcoin, you better do it for the long term. At least, you can hold it until the price can increase so that the profit you get will also be big.

[iv4n]

If you invest in crypto and choose bitcoin, you are not said to have lost money if you have not sold your bitcoin at a time when the price drops like now. And if you hold on to it when the price is down, and you can even buy more bitcoins when it's down, you'll see the profit coming when the price starts to increase. And that's when you can sell your bitcoins and take big profits. So in investing in bitcoin, you better do it for the long term. At least, you can hold it until the price can increase so that the profit you get will also be big.

Everything comes down to holding even in bad times, if there's a possibility adding more is always a good move, especially in a bear period when most of the prices are down. Sticking with the top coins is always advisable, Bitcoin, Ethereum, BNB, and some other coins will not disappoint in the long, they never did. A bear market is testing our patience and will, but instead of overthinking it (that most likely will lead to some mistake) simply holding and focusing on how to get more coins is the best strategy in these times.

[Hamza2424]

I think in my current situation this topic doesn't suit or maybe ita the best time to post such content I don't know as i am speechless due to this freaking manipulated market crisis. So some teams fucked my dear Bitcoin again haha never mind its not the first time we can do the same with them soon in near future.

[stomachgrowls]

I think in my current situation this topic doesn't suit or maybe ita the best time to post such content I don't know as i am speechless due to this freaking manipulated market crisis. So some teams fucked my dear Bitcoin again haha never mind its not the first time we can do the same with them soon in near future.

If its your first time on this market then you would definitely be freaking out but if you've been here for a while then these conditions wont really be surprise you out and this isnt something the first time where this

market do really make some huge or sharp dump.Instead on freaking out then it would be wise if you do really come after on looking for possible bottom price and make out some cheap purchase of coins now.

We are really on the verge of a market where it is really full of fuds and been affected by certain events or fundamentals on the market we do have today.
Dont ever make some panic selling decision because this would be the dumbest thing to be done by a certain investor.

[Sanitough]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

That's why it becomes "common" because those are something tough to deal with.

If that's how easy to deal with the bear market, then why still make a strategy during that trend?

It's better to absorb that mental-related stuff since that will fuel more of our experience to become used to dealing with a bear trend. Without the experience of being in an actual loss, stress, panic, FOMO, being weak hands, a trader can't be an improved trader in the future.

These five pitfalls are just easy to say to avoid but definitely they’re inevitable once we enter trading and investing. So expect that if you can’t beat and avoid them, you’ll experience a roller coaster ride in the crypto market but i’d say in the end, these things are still worth to experience not only to hone your skills and strategies, but definitely for a better version of you.

[Finestream]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

We can always chose to avoid them if we really want to, but did you realize that those who became successful in the market have also experienced all of these? Maybe it’s more on self-discipline and control that still made them profitable in the end despite of these common pitfalls that we have to deal with. So at least by dealing them, we learned our lessons that put us where we are today.

[cheezcarls]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

Even if we are so experienced already in these bearish situations, we are still vulnerable if market continues to worsen just like what we are experiencing now with the Binance-FTX issue. Worse is if Binance's Changpeng Zhao changes his mind not to acquire FTX to save it.

Since I have been doing DCA since May, all of them are at a loss but I still believe that it can recover without knowing when will it actually happen. I don't believe we have reached the bottom yet, most likely we may go even lower as the storm continues on for FTX users trying to panic withdraw their assets.

[Russlenat]

However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

These are a product of ourselves. A common mental experience for anyone. Is there really a way to avoid it?

Trading without emotions? Are that even possible lol?

Why avoid being in that situation if it can be managed along the way? Traders are human and there's no 100% way to avoid such emotional actions. They key here is to learn from mistakes, try our best to minimize our losses, and always stay focused on achieving our trading goals no matter what.

Exactly. There can be no easy way to skip from them since they are always present no matter what. And since we are just humans, we often experienced what others have experienced too. The only thing that differs is that some managed to get through all of it and eventually succeeded in the end, while others have left mentally and emotionally affected because of their huge losses that made them big losers in the end.

[jossiel]

Even if we are so experienced already in these bearish situations, we are still vulnerable if market continues to worsen just like what we are experiencing now with the Binance-FTX issue. Worse is if Binance's Changpeng Zhao changes his mind not to acquire FTX to save it.

Since I have been doing DCA since May, all of them are at a loss but I still believe that it can recover without knowing when will it actually happen. I don't believe we have reached the bottom yet, most likely we may go even lower as the storm continues on for FTX users trying to panic withdraw their assets.

Everyone can make a mistake unexpectedly and there are just too many factors that can affect us with that. Like this Binance/FTX matter, all it's like it doesn't really matter at all.

But now that it had made the market in total bloodness and madness, this is how we understand that no matter how prepared we are, educated we are and good at following these advises.

No one can really skip when it's the entire market that's being wiped out.

[Questat]

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

For real, crypto trading is somewhat stressful in general. I can see how it ruins our concentration and build health issues. As the more we think about it, the more affects our mindset and focus. In fact, I have had these feelings before and I am really broke but gradually I change and manage to control it as I learn from my mistakes. It is a little bit challenging how to adapt to the situation but we should do it in the seek of not losing our money. There is no instant change as I can see as learning can be done gradually.

[Rengga Jati]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Losing money is a part of the condition that we must face in the crypto industry because there will be always risks of this. that is why being ready for any losses is a good way to start. For the risks, we can do or best efforts and strategy to avoid the loss to cover the loss.
But, the loss will be worse if we are not able to maintain or manage it, moreover if we are in these conditions:

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

These will be very bad for someone when investing in cryptocurrency. That is why knowledge and mental management must be managed very well before doing such an investment. This is to avoid being stressful, panicking, and also losing control.

[boyptc]

Panic = FOMO

That's the problem for many traders and investors. It's a bear market that we don't know when it will be on the bottom and when it will be stopped.

Too hard to say when there are too many incidents happening just like the FTX/Binance matter that we're seeing right now.

I did not expect also the Binance-FTX latest news. Binance will further cement their position in this market.
A multi-billion dollar company but decided to sell it to rival business company.

At one point being a trader myself, I can say, I am still guilty of one of the things listed by the OP.
I guess, from time to time, we can still feel those emotions as we travel this journey of being a trader.
It is not always we are confident with our decisions, because factors are changing every time.

Well, we've got some updates that it's no longer going to be bought by Binance. I guess CZ has already given his rich counterparts the cheap market and they're all about to grab it now.

He's done well.

Kidding aside, that's really some news there and everyone would have the idea on what CZ is doing. It's not only for the whales but it's for everyone to grab this sale in the market.

[jaberwock]

Mental health part is the most important part. I gave up trading hardcore long long time ago because of this. It was something that caused me to lose sleep, because when I first started either there were no stop loss in some exchanges, or no techniques to handle sudden movements. I ended up with very little sleep, constantly checking, and never really thinking about anything else.

Basically I was missing life, because while life moved on, only thing I ever cared about was the trading part and I never really lived. I gave that up long time ago and moved to long term investment and not only it's better for my mind, but I also made a lot more profit this way as well.

[ROSERTY]

It is difficult for you to think deeply without going through a complete bull-bear transition. For the market and the industry as a whole, the most important thing is to think about human nature. Just like you have never been hurt by a scumbag, you will never know how to identify a scumbag. .

[rozak]

Mental health part is the most important part. I gave up trading hardcore long long time ago because of this. It was something that caused me to lose sleep, because when I first started either there were no stop loss in some exchanges, or no techniques to handle sudden movements. I ended up with very little sleep, constantly checking, and never really thinking about anything else.

Basically I was missing life, because while life moved on, only thing I ever cared about was the trading part and I never really lived. I gave that up long time ago and moved to long term investment and not only it's better for my mind, but I also made a lot more profit this way as well.

I've also been more likely to invest long-term rather than focus on trading. Rapidly changing market conditions and rapidly changing values of our assets leave me sleep-deprived and quite depressed with the trades being made.
I still trade several times, and of course, stop loss is the best alternative to deal with big losses. I used to often experience losses because I ignored the stop loss. now I invest more in long-term assets. which of course is boring for some people.

[maydna]

If you invest in crypto and choose bitcoin, you are not said to have lost money if you have not sold your bitcoin at a time when the price drops like now. And if you hold on to it when the price is down, and you can even buy more bitcoins when it's down, you'll see the profit coming when the price starts to increase. And that's when you can sell your bitcoins and take big profits. So in investing in bitcoin, you better do it for the long term. At least, you can hold it until the price can increase so that the profit you get will also be big.

Everything comes down to holding even in bad times, if there's a possibility adding more is always a good move, especially in a bear period when most of the prices are down. Sticking with the top coins is always advisable, Bitcoin, Ethereum, BNB, and some other coins will not disappoint in the long, they never did. A bear market is testing our patience and will, but instead of overthinking it (that most likely will lead to some mistake) simply holding and focusing on how to get more coins is the best strategy in these times.

It's true what you said. This bear market really tests the patience of all of us, so we should try to use this bear market for our good. And if we can see an opportunity to add more, we should do so but don't immediately buy in bulk because the chance for the price to drop is still there. So you better buy gradually so that if the price drops again, you still have money to buy it again. And buying the top coins will allow you to earn bigger profits, while the other coins may not go any higher.

[Hamphser]

If you invest in crypto and choose bitcoin, you are not said to have lost money if you have not sold your bitcoin at a time when the price drops like now. And if you hold on to it when the price is down, and you can even buy more bitcoins when it's down, you'll see the profit coming when the price starts to increase. And that's when you can sell your bitcoins and take big profits. So in investing in bitcoin, you better do it for the long term. At least, you can hold it until the price can increase so that the profit you get will also be big.

Everything comes down to holding even in bad times, if there's a possibility adding more is always a good move, especially in a bear period when most of the prices are down. Sticking with the top coins is always advisable, Bitcoin, Ethereum, BNB, and some other coins will not disappoint in the long, they never did. A bear market is testing our patience and will, but instead of overthinking it (that most likely will lead to some mistake) simply holding and focusing on how to get more coins is the best strategy in these times.

It's true what you said. This bear market really tests the patience of all of us, so we should try to use this bear market for our good. And if we can see an opportunity to add more, we should do so but don't immediately buy in bulk because the chance for the price to drop is still there. So you better buy gradually so that if the price drops again, you still have money to buy it again. And buying the top coins will allow you to earn bigger profits, while the other coins may not go any higher.

When you have decided on dealing up with this market then you should make yourself that prepared when it comes to these kind of situation or condition of the market which is something that unpredictable.

Expect bears and expect bulls but this isnt something that could happen on what you do wanted.Everything is random and its better to make yourself get prepared on whatever things would be faced on.
Never make yourself get greedy and also never make yourself expecting too much on something which cant really be happening instantly.

Emotions could really make out huge effect and this is why its really that better to make yourself that experiencing and able to adapt these things because if you dont make yourself
that adaptive then you would definitely be experiencing hardship on making yourself bare out this market.You should avoid on the things which you do seem that it cant really be that
helpful in towards your crypto trading career or investment.

[Kelvinid]

Mental health part is the most important part. I gave up trading hardcore long long time ago because of this. It was something that caused me to lose sleep, because when I first started either there were no stop loss in some exchanges, or no techniques to handle sudden movements. I ended up with very little sleep, constantly checking, and never really thinking about anything else.

Basically I was missing life, because while life moved on, only thing I ever cared about was the trading part and I never really lived. I gave that up long time ago and moved to long term investment and not only it's better for my mind, but I also made a lot more profit this way as well.

I've also been more likely to invest long-term rather than focus on trading. Rapidly changing market conditions and rapidly changing values of our assets leave me sleep-deprived and quite depressed with the trades being made.
I still trade several times, and of course, stop loss is the best alternative to deal with big losses. I used to often experience losses because I ignored the stop loss. now I invest more in long-term assets. which of course is boring for some people.

Perhaps, it was a good idea to just hold at this time rather than trading unless we have been doing this for a very long time. But if we are just about to start, that really be a difficult time to adjust and huge chances of losing. Buy and hold, that only the safest thing to do at this current situation, we have to stop thinking about earning every day and rather keep in mind to be safe instead.

Using stop loss strategy? You are still losing at this, unlike if you just hold and wait for the right to sell, that was surely a profit gain and low risk.

[maydna]

~snip~

When you have decided on dealing up with this market then you should make yourself that prepared when it comes to these kind of situation or condition of the market which is something that unpredictable.

Expect bears and expect bulls but this isnt something that could happen on what you do wanted.Everything is random and its better to make yourself get prepared on whatever things would be faced on.
Never make yourself get greedy and also never make yourself expecting too much on something which cant really be happening instantly.

Emotions could really make out huge effect and this is why its really that better to make yourself that experiencing and able to adapt these things because if you dont make yourself
that adaptive then you would definitely be experiencing hardship on making yourself bare out this market.You should avoid on the things which you do seem that it cant really be that
helpful in towards your crypto trading career or investment.

Avoid greed when the bull market comes and take your profits before the time leaves you because many of us are late to take our profit because we expect more profits. They can't do that, especially if the price can go up high immediately because the price will not always keep going up. This requires self-control, not being greedy and taking advantage at the right time to get that advantage.

And in a bear market like today, you have to be able to use it for yourself by buying potential coins or you can just sit back and miss the opportunity. But do not feel bad if the market has started to move because it means you will be too late to take profits.

[awik p]

~snip~

When you have decided on dealing up with this market then you should make yourself that prepared when it comes to these kind of situation or condition of the market which is something that unpredictable.

Expect bears and expect bulls but this isnt something that could happen on what you do wanted.Everything is random and its better to make yourself get prepared on whatever things would be faced on.
Never make yourself get greedy and also never make yourself expecting too much on something which cant really be happening instantly.

Emotions could really make out huge effect and this is why its really that better to make yourself that experiencing and able to adapt these things because if you dont make yourself
that adaptive then you would definitely be experiencing hardship on making yourself bare out this market.You should avoid on the things which you do seem that it cant really be that
helpful in towards your crypto trading career or investment.

Avoid greed when the bull market comes and take your profits before the time leaves you because many of us are late to take our profit because we expect more profits. They can't do that, especially if the price can go up high immediately because the price will not always keep going up. This requires self-control, not being greedy and taking advantage at the right time to get that advantage.

And in a bear market like today, you have to be able to use it for yourself by buying potential coins or you can just sit back and miss the opportunity. But do not feel bad if the market has started to move because it means you will be too late to take profits.

therefore we must have a target to take profit. many of us when the bull market takes place full of confidence the market will continue to rise. That greed will lead us to disappointment for missing the opportunity that has come. if the target has been met and we take profit then we just have to wait for the market reaction, if the market continues to rise, then let it be because many of us also regret selling it, actually no one knows the direction of the next movement

[YOSHIE]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

We all know trading & investing is always detected with risk, as far as I know the crypto market goes up & down the process happens, we often see it happen suddenly, of course we have some steps and attitudes so as not to be in a hurry and continue to be reactive to calm down and not make mistakes like you said in the five factors.

For this reason, in order to avoid the five factors you mentioned, especially about the occurrence of a bear market, crypto users are strongly advised to observe some fundamental analysis in a certain scale form to avoid panic, Overtrading and so on as you mentioned, it's all been considered for crypto users in general.

[Hypnosis00]

...

Everyone can make a mistake unexpectedly and there are just too many factors that can affect us with that. Like this Binance/FTX matter, all it's like it doesn't really matter at all.

But now that it had made the market in total bloodness and madness, this is how we understand that no matter how prepared we are, educated we are and good at following these advises.

No one can really skip when it's the entire market that's being wiped out.

Unexpected - perhaps nobody wants it but is some reason we slip into such things. Yes, we need education as this will help to fully understand the behavior of the market but before we got to the point of having all, experiencing losses can't be avoided.
In this bear season, it is very certain to hear people talking negatively about the market. I do understand their stance as they listen to their emotions but once it has been controlled and keep a positive mindset, things will surely change.

Adoption and preparation are things we need to do in order to keep our portfolio safe.

[Adbitco]

Basically correct, you know before when talking of investment or trading what comes into my mind always is the risking factors and the next is are you willing to bear the risk or not, and as a trader having a positive mindsets is alway a thing to look into otherwise losing is inevitable. Before making a decision to start the investment journey or even involving in trading is to gain the basic understand which includes the fundamentals which is among those you have just outlined.

[AakZaki]

Avoid greed when the bull market comes and take your profits before the time leaves you because many of us are late to take our profit because we expect more profits. They can't do that, especially if the price can go up high immediately because the price will not always keep going up. This requires self-control, not being greedy and taking advantage at the right time to get that advantage.

And in a bear market like today, you have to be able to use it for yourself by buying potential coins or you can just sit back and miss the opportunity. But do not feel bad if the market has started to move because it means you will be too late to take profits.

When you don't have self-control and don't have a definite target, it's very difficult to take advantage of it properly. many of the traders fail to take profit, they do not target the price that has been set at the beginning. which in the end when the market goes down this will make them more panicked and sell at a price that is too cheap so that they will get little profit, even no profit at all. Greed and panic will make the trade even more destroyed, there will be no strategy that can overcome it if you do not have self-control over the greed and panic that occurs.

[teosanru]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

So true, I remember how I have done each one of them during the previous bear runs, I thought all these actions would protect my capital or maybe give me a gain out of this bear market but I was so foolish and little did I know that I am just destroying my portfolio and nothing other than that. Best thing to do during such time is stay away from the market, because if you are in the market it's already too late to do anything because the damage has been done and if you are outside the market place a buy order at the floor you expect and sleep peacefully and wait for the bull run or market showing some correcton.

[$crypto$]

Basically correct, you know before when talking of investment or trading what comes into my mind always is the risking factors and the next is are you willing to bear the risk or not, and as a trader having a positive mindsets is alway a thing to look into otherwise losing is inevitable. Before making a decision to start the investment journey or even involving in trading is to gain the basic understand which includes the fundamentals which is among those you have just outlined.

Risk is always unavoidable for sure we will bear it all even though we have paid attention to some of the basics, and well patterns must be considered especially in trading how to pay attention not to be a big risk, maybe the most common in trading is mental must be ready and sometimes I also always face this when the market has fallen or is called a bear market.
But in my own conclusion, I have a strong understanding, we already know that the market is bearish, but we have to know how to deal with it when trading starts.

[ChiNgadOr]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

There are many traders who had been battling with these mistake but still haven't get out of it because of so many issues. There are some persons who can find it hard to control their emotions and when it comes to trading they normally find it hard to isolate the emotion and focus on what the market can offer in time coming.
Loses is inevitable in trading that is why we should be prepared to lose so that we can stand strong and focus on what we want in a long term period.

[Mahanton]

Basically correct, you know before when talking of investment or trading what comes into my mind always is the risking factors and the next is are you willing to bear the risk or not, and as a trader having a positive mindsets is alway a thing to look into otherwise losing is inevitable. Before making a decision to start the investment journey or even involving in trading is to gain the basic understand which includes the fundamentals which is among those you have just outlined.

Risk is always unavoidable for sure we will bear it all even though we have paid attention to some of the basics, and well patterns must be considered especially in trading how to pay attention not to be a big risk, maybe the most common in trading is mental must be ready and sometimes I also always face this when the market has fallen or is called a bear market.
But in my own conclusion, I have a strong understanding, we already know that the market is bearish, but we have to know how to deal with it when trading starts.

Make yourself;

Mentally prepared
Emotionally prepared

These are the things which you would really be needing for you to be able to bare and survive this unpredictable market.There's no way that you could really make out
conclusions on whatever things you do have in mind.Just dont let yourself that being greedy because having these beliefs and intentions would
certainly make even more mistakes along the way which is never been recommendable.

[kamvreto]

Make yourself;

Mentally prepared
Emotionally prepared

These are the things which you would really be needing for you to be able to bare and survive this unpredictable market.There's no way that you could really make out
conclusions on whatever things you do have in mind.Just dont let yourself that being greedy because having these beliefs and intentions would
certainly make even more mistakes along the way which is never been recommendable.

Greedy nature is a problem for some people, even though they are professional traders sometimes greed is still there because they are not satisfied with the profits that have been obtained in front of their eyes. Then this will be the beginning of the cause of the loss which will certainly be a mistake they did not expect.
mentally ready, but emotionally uncontrollable. Anything if it can't be controlled then everything will be chaotic, including the strategy that was made at the beginning.
I myself feel that even my emotions are not yet stable and sometimes I can't contain the emotional turmoil that causes greed and can't be controlled.

[justdimin]

This bear market really tests the patience of all of us, so we should try to use this bear market for our good. And if we can see an opportunity to add more, we should do so but don't immediately buy in bulk because the chance for the price to drop is still there. So you better buy gradually so that if the price drops again, you still have money to buy it again. And buying the top coins will allow you to earn bigger profits, while the other coins may not go any higher.

I do understand that not many people could survive this period and that is unfortunate but common. I am not saying that not everyone should survive, I hope everyone would but the reality is that many people will sell and fear the drop and will lose money when it goes down. Plenty of people bought at 21k because they thought it would go up, and then sold at 16k because they thought it would go down, instead of doing vice versa.

What matters is we should not do that and if you are wise enough not to do that then it would work out for you. I personally don't really care about the ups and downs because it’s a temporary thing, so I can hold for many years without care.

[Sayeds56]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

There are many traders who had been battling with these mistake but still haven't get out of it because of so many issues. There are some persons who can find it hard to control their emotions and when it comes to trading they normally find it hard to isolate the emotion and focus on what the market can offer in time coming.
Loses is inevitable in trading that is why we should be prepared to lose so that we can stand strong and focus on what we want in a long term period.

I think the biggest mistake we make in bear market is that we put all our funds in one go to buy digital asset when it starts recovering after crash hoping that market is oversold, and price recovery has started. Unfortunately, this recovery process is short lived and price slides down further and we are not left with any funds to do dollar cost average our portfolio. The best strategy is making buying in at least 3 steps by when you see opportunity on weekly or monthly technical charts.

[QueenVera]

I think the biggest mistake we make in bear market is that we put all our funds in one go to buy digital asset when it starts recovering after crash hoping that market is oversold, and price recovery has started. Unfortunately, this recovery process is short lived and price slides down further and we are not left with any funds to do dollar cost average our portfolio. The best strategy is making buying in at least 3 steps by when you see opportunity on weekly or monthly technical charts.

Same mistake is happening at the moment with FTT (FTX token), it suddenly started recovering few days ago after the collapse it had, which mean people were buying hoping the token would survive but looking at the market now and the token value had drop significantly again.
Same thing also happened with Luna and the market didn't learn from that incident. People have to stand realizing that it isn't wise to catch a falling knife instead wait until it finish falling.
I think the best way to avoid making mistakes in the bear market, is to avoid the market at all cost. Waiting until all the dust has settled could save you alot because you can never be sure of which project is going to collapse next. Nobody would had imagine an exchange like FTX to just vanished.

[libert19]

Panic = FOMO

FUD suits better with panic tbh

[Sayeds56]

I think in my current situation this topic doesn't suit or maybe ita the best time to post such content I don't know as i am speechless due to this freaking manipulated market crisis. So some teams fucked my dear Bitcoin again haha never mind its not the first time we can do the same with them soon in near future.

I think there is no problem in discussing the bear market mistakes those we all make during the bear run because it looks very relevant to current depressing situation triggered by collapse of FTX. In such kind of situation new traders are often tempted to catch falling knife believing that it is available at very low price and at the end usually they suffer losses so the lesson we learn from experience is that never buy when market is extremely volatile and directionless.

[Ararbermas]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

for me its not too hard to prevent if we really have a specific strategy in every trade because we will focus only and we knows that afterwards we will still win in any circumstances.  I know mostly failed because of that reason but if your mindset is good and you always put efforts to train your skills and strategies surely it's not a problem anymore.. Just put trust on your self especially if you already knows how the market really works.

[GeorgeJohn]

I think in my current situation this topic doesn't suit or maybe ita the best time to post such content I don't know as i am speechless due to this freaking manipulated market crisis. So some teams fucked my dear Bitcoin again haha never mind its not the first time we can do the same with them soon in near future.

I think there is no problem in discussing the bear market mistakes those we all make during the bear run because it looks very relevant to current depressing situation triggered by collapse of FTX. In such kind of situation new traders are often tempted to catch falling knife believing that it is available at very low price and at the end usually they suffer losses so the lesson we learn from experience is that never buy when market is extremely volatile and directionless.

Your concept is really understanding and it's what everyone who is a trader will advice or encourage the new offspring of cryptocurrency traders, so from my view and additions for your contribution,  market is supposed to be venture into when the market is really in dip, sometimes if we follow some of the analysis of people concerning bearish season it may land us into the negative impact of trading or investment.

[lixer]

I think the biggest mistake we make in bear market is that we put all our funds in one go to buy digital asset when it starts recovering after crash hoping that market is oversold, and price recovery has started. Unfortunately, this recovery process is short lived and price slides down further and we are not left with any funds to do dollar cost average our portfolio. The best strategy is making buying in at least 3 steps by when you see opportunity on weekly or monthly technical charts.

DCA can be an optional strategy but what is wrong with what you said is when they invest in a recovering market. That's not a proper way to invest but we should observe first if the market is getting stable and it seems the bottom is already reached out. That should be the time for us to invest and not when it's recovering because that can only be a bull trap. Bull traps have happened many times during this bear market.

I just noticed that the op included short term investment but I think there is nothing wrong with that because volatilities are also active whenever there is a bear. It's always possible for us to buy low and sell after some small recovery.

[Hamphser]

I think the biggest mistake we make in bear market is that we put all our funds in one go to buy digital asset when it starts recovering after crash hoping that market is oversold, and price recovery has started. Unfortunately, this recovery process is short lived and price slides down further and we are not left with any funds to do dollar cost average our portfolio. The best strategy is making buying in at least 3 steps by when you see opportunity on weekly or monthly technical charts.

DCA can be an optional strategy but what is wrong with what you said is when they invest in a recovering market. That's not a proper way to invest but we should observe first if the market is getting stable and it seems the bottom is already reached out. That should be the time for us to invest and not when it's recovering because that can only be a bull trap. Bull traps have happened many times during this bear market.

I just noticed that the op included short term investment but I think there is nothing wrong with that because volatilities are also active whenever there is a bear. It's always possible for us to buy low and sell after some small recovery.

But the question is, how you would consider or able to find out that the market is already bottoming out? This is the toughest thing on where we do really face on which we can't really be able determine on where.
But cant really be denied that this is the most common action where people do really be able to do so on which they are really making investment or buying decisions on the time that the market is really going up.
Dont know on such scenario but this is really he behavior of most investors we do have here on crypto space.Mistakes are inevitable since we are really just that too emotional but with proper knowledge that
we could really get on real experience then we would able to bare and get used into such condition and realize that its never been easy and realize on when is the ideal time for us to get in.

[deathcode]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

I think all the mistakes are basically we have to have good emotional control.
We can reduce all the risks of mistakes that you mentioned and which usually occur when we really control our emotions.
When we really have good emotional control, we are automatically not easily consumed by panic, doing rash things like overtrading.
And of course good emotional control will ultimately have a better impact on our mental health in pursuing the world of trading, right?
It's not easy to master emotions, but at least we have to get used to it, at least we have to be able to think clearly and calmly under any circumstances.

[Viscore]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

However, if you are still a newbie in trading, never expect that you can actually avoid all of them as most of the newbies are prone to commit mistakes because it’s the only way where they can learn and improve from their own mistakes. But I believe with a lot of years they keep on trading, they will eventually learn to avoid these common traders pitfalls because they also start to grow along with their experiences.

[kapalmabur]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

However, if you are still a newbie in trading, never expect that you can actually avoid all of them as most of the newbies are prone to commit mistakes because it’s the only way where they can learn and improve from their own mistakes. But I believe with a lot of years they keep on trading, they will eventually learn to avoid these common traders pitfalls because they also start to grow along with their experiences.

Actually there are a lot of things to avoid in a bear market and those newbies can actually learn from the existing experience,
but it must also be realized that in the newbie stage I think making mistakes is a natural thing,
besides that with these mistakes they indirectly learn and that's the most important thing

[worle1bm]

Also depends on the choice of coin you have in your mind or what crypto you are exactly holding during the bear times because if you are having some fake token or meme coin which have no future ahead and you know they won't survive this bear market and would be dumping afterwards so will you be holding it for long term? Not at all so the factors change with your strategy and coin you are holding.

[maydna]

~snip~

therefore we must have a target to take profit. many of us when the bull market takes place full of confidence the market will continue to rise. That greed will lead us to disappointment for missing the opportunity that has come. if the target has been met and we take profit then we just have to wait for the market reaction, if the market continues to rise, then let it be because many of us also regret selling it, actually no one knows the direction of the next movement

If we can not control greed, we will not be able to take advantage of what is in front of us because we still want even greater profits. Even so, this cannot always happen, considering market conditions always change. And if after we make profits, it turns out that market conditions are still improving, we don't need to regret it because we still have the opportunity to take profits again later. The important thing is that we keep trying to get it.

~snip~

When you don't have self-control and don't have a definite target, it's very difficult to take advantage of it properly. many of the traders fail to take profit, they do not target the price that has been set at the beginning. which in the end when the market goes down this will make them more panicked and sell at a price that is too cheap so that they will get little profit, even no profit at all. Greed and panic will make the trade even more destroyed, there will be no strategy that can overcome it if you do not have self-control over the greed and panic that occurs.

That means they don't make a lot of profit but can get a loss because they sell when the price drops again. This has happened to many traders who could not take advantage of the bullish moments that occurred for some coins, so they were too late to take profits. Even if they could do it, they would benefit greatly. Greed and panic will make the trade crash, and you will not be able to take advantage of it.

~snip~

I do understand that not many people could survive this period and that is unfortunate but common. I am not saying that not everyone should survive, I hope everyone would but the reality is that many people will sell and fear the drop and will lose money when it goes down. Plenty of people bought at 21k because they thought it would go up, and then sold at 16k because they thought it would go down, instead of doing vice versa.

What matters is we should not do that and if you are wise enough not to do that then it would work out for you. I personally don't really care about the ups and downs because it’s a temporary thing, so I can hold for many years without care.

If they are not afraid of a decline and can become strong people holding their coins, later they will be able to smile again, seeing their coins increase again. Not many can do it because it's very hard but at least we should try to try it for our own good. If we continue like that, when will we be able to take big profits when the market is bullish again?

We must be able to survive in the current bearish condition and as much as possible, use this moment to buy more because this is the only chance we have instead of regret. And before the regret gets bigger, we should keep trying to survive and buy whatever we can but don't buy with all the money we have because that is not recommended instead, buy it gradually.

[BigBos]

Basically correct, you know before when talking of investment or trading what comes into my mind always is the risking factors and the next is are you willing to bear the risk or not, and as a trader having a positive mindsets is alway a thing to look into otherwise losing is inevitable. Before making a decision to start the investment journey or even involving in trading is to gain the basic understand which includes the fundamentals which is among those you have just outlined.

In trading that I experienced, we cannot think positively continuously, it will increase optimism which is quite dangerous in trading both defeats and wins, will make careless choices. During my trading, positive and negative thoughts must be in your brain and heart so you can consider the risks you take. Why is that?
Positive thinking will overshadow us to keep trying and trying because it comes from self-confidence that gives birth to ambition.
Whereas negative thoughts will give us a sense of fear that makes us aware.
The conclusion is that negative and positive thoughts must exist as a controlling power within us, when to continue and when to stop.

[songjiajia]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

I believe that many people understand what you said, but it is easy to say, and they all know the truth. But when you are on the scene, your mentality will subtly change --- your brain and hands are not in the same channel, the brain gives the correct answer, but the hand writes a wrong result.

[justdimin]

In trading that I experienced, we cannot think positively continuously, it will increase optimism which is quite dangerous in trading both defeats and wins, will make careless choices. During my trading, positive and negative thoughts must be in your brain and heart so you can consider the risks you take. Why is that?
Positive thinking will overshadow us to keep trying and trying because it comes from self-confidence that gives birth to ambition.
Whereas negative thoughts will give us a sense of fear that makes us aware.
The conclusion is that negative and positive thoughts must exist as a controlling power within us, when to continue and when to stop.

Emotions will definitely do that, you should always try to stay away from emotions that way you will not be losing anything in the long run. I personally do not care if I win or lose, that's not something I look at when I am making a win or a loss, but that doesn't mean that I will always end up with a win, sometimes I still lose but I try to avoid considering about that all that much.

Obviously you can't just let it be and move on, you shouldn't let it dictate your future trading, but you could always learn why you made that mistake so that you could learn from your losses and earn more in the future, it could bring you a lot of profit.

[SOKO-DEKE]

Panic

Some times you to be panic do to the money that you invested in crypto because you cannot see the future but you only only predict it. And for very human being you need be afraid of what future will bring and that is why they always warn us to invest what we can afford to lose, so that will not be in state of hurry like that.

Investing short-term

I don't see anything that is bad when you decide to invest in short period of term, all you need  is  to plan urself well.just know the time to buy and time sell and you be making your profit.for me I like short term investment because I don't have the feelings of waiting for long term.

Overtrading

Yes Overtrading is always a big risky. You decided to trade with huge amounts of money  just because you want to make a quick money or recovered your loses but crypto don't work like that because nobody knows what the future price of crypto will bring. Always avoid what you can't afford to lose.

Mental Health

In whatever we do, health should always be the first thing we should  put in concentration. Is when you have good health you can able to do a lot of  things in this life, especially when it turn to term of crypto it is your health that will determine the type of investment you will do, either to invest in long term ot short term.

[borovichok]

Emotions will definitely do that, you should always try to stay away from emotions that way you will not be losing anything in the long run. I personally do not care if I win or lose, that's not something I look at when I am making a win or a loss, but that doesn't mean that I will always end up with a win, sometimes I still lose but I try to avoid considering about that all that much.

Obviously you can't just let it be and move on, you shouldn't let it dictate your future trading, but you could always learn why you made that mistake so that you could learn from your losses and earn more in the future, it could bring you a lot of profit.

Trading with emotions will definitely leads to FUD which have strain many traders behind and causing more liquidation and losses in trading positions. But the facts is very clear, we should always expects losses as we are gaining profits, even the top experts who are granded in TA and FA still experience losses. I have learn to adjust my trading position to a more suitable size which is expecting more profits than losses, but hoping to fully reduce losing to it's least minimal size, and also learning from my experience will enchance my capability to do more better in the coming days.

[Bull Horn]

I think focus on metal health is much important than any thing else.
 If anyone want long term holding, must keep in decentralized wallet and stick only to bitcoin don't go toward alts for long term.
However intraday trading is best in bear market like quick in and out, no need to open leverage trade for the sake of certain target nobody know what will be the situation of market tomorrow. Don't be a victim of FOMO.

Have firm faith in crypto

[Bhig Daddy]

Let's look at investing in a panic as a warning or an op underlined, so in the investment one thing that people think about most is the target via investment, because I have noticed that while some lose most the target via investment is because they were eager to make money in the market and also not to venture into lose in of their investment, so from my perspective it's incorrect because it's obvious that any investment of cryptocurrency has benefits and drawbacks. Because one of the things that causes business setbacks in any industry is panic,

[blockman]

Let's look at investing in a panic as a warning or an op underlined, so in the investment one thing that people think about most is the target via investment, because I have noticed that while some lose most the target via investment is because they were eager to make money in the market and also not to venture into lose in of their investment,

Everyone is eager to make money from the market and that's why we invest. It's because we've been told that people who are so rich right now went through all their ways and riches through investing.

so from my perspective it's incorrect because it's obvious that any investment of cryptocurrency has benefits and drawbacks. Because one of the things that causes business setbacks in any industry is panic,

All of them has advantage and disadvantage based on everyone's experience. Some may like to avoid bitcoin but many of us would tell that don't avoid it because it's still the safe haven of investing in crypto.

[LUCKMCFLY]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

However, if you are still a newbie in trading, never expect that you can actually avoid all of them as most of the newbies are prone to commit mistakes because it’s the only way where they can learn and improve from their own mistakes. But I believe with a lot of years they keep on trading, they will eventually learn to avoid these common traders pitfalls because they also start to grow along with their experiences.

Actually there are a lot of things to avoid in a bear market and those newbies can actually learn from the existing experience,
but it must also be realized that in the newbie stage I think making mistakes is a natural thing,
besides that with these mistakes they indirectly learn and that's the most important thing

A very common mistake is that only the shape of the chart is seen and the volume is not studied at all, the volume is something very important and that must be studied very carefully and more in a small market, many go for the form of the chart and sometimes they determine that it can go up in price and what it does is go down even more, these are the things that can happen, and normally this type of error can not only happen to a novice, there are times when a veteran trader and investor could also happen to him, so these things are valid, I say this because it has happened to me, and I don't want it to happen to anyone else, although it is a very common mistake.

[Nrcewker]

While investing in anything, we must always ensure that there are risks involved. So yes bear market is just a phase of trading. So if you give up during this, then you are not fit for trading. Normally during a bear market, many traders think of long term investments, this will help them not to loss exit from market. And as said bear market is a phase, so yes as soon as it ends, definitely you will see profit. So we need to just be mentally strong and stop panicking. We need to think wisely and use the bear market properly for our own benefits.

[Asiska02]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

No matter how hard you try as a trader, you will not be able to avoid all of these five blunders. We are all human, and sometimes we just can't control how we feel about things; it's just the way they are. These are favorable points that, if avoided, can lead to a pleasant outcome and an expected perspective regarding a result.

The degree to which these five errors can be controlled cannot be overstated. We all know how the market works and how volatile it can be. The best thing to do is to prepare for the worst in whatever situation the market finds itself in during the bear market time. Following that, you should have sufficient knowledge of the bitcoin market before investing in it.

[lalabotax]

Panic
Putting in Emotional Efforts

These is the basic things to avoid during the bearish market and also even the bullish era. Because if we panic and cannot control our emotions, we seem to be ended with something dangerous. Taking bad decisions at the wrong time and also being stressed every time the prices or the market crashes. The result? many people will sell their assets panicky which makes the market worse and many people lost their money. So far, although we have met this situation similarly, in fact, we cannot deny that many people still panic when facing this kind of situation.

Investing short-term

Both short-term and long-term investments will depend on how the people make their strategy. But for me, I do agree with your statement. The bearish market is the est period for collecting more coins and holding them into the bullish era coming. This is commonly for long-term period. That is why we must invest with free money so we will not use the money in several months or year.

[Wexnident]

Wouldn't say that you can avoid it all the time tbf. It's about handling it instead. E.g., a rapid market crash can lead to you creating panicked moves, rather than settling down and thinking properly about what to do. You're still panicking ofc, but you won't let it affect your capability to come up with a proper judgment. Not to mention that well, losing money in general when investing is something natural, whether it was worth it or not.

Investing short term though is still possible, albeit difficult. You just have to get the timings right imo and you can still do it, though just simply waiting for the bottom might be much easier in most cases. 

[Bitstar_coin]

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

For investors, the three highlighted are very key, it is important to learn to stay calm during the bear period, panicking and selling off your asset may not be the right choice, especially if you are not sure to be able to buy them back at a cheaper rate.
It is very important to think long term, that will make a sudden drop in price not a big deal since your goal is long term. And most importantly, no need to be overstressed about the price, if you already understand the market circle and also hold a solid coin, e.g btc or good alts like bnb, eth there is no need to be stressed.
Better to take a break from the market and enjoy life with family and friends.

[QueenVera]

Everyone is eager to make money from the market and that's why we invest. It's because we've been told that people who are so rich right now went through all their ways and riches through investing.

But that's the truth although they didn't have as much bad habits as we do today when investing. Those who are rich today through investing had long term goals when they invested and were not move by the short term market movement as we are seeing recently.
Today investors are impatient and just want to make quick money which is why we're seeing so much volatility in the market.
The whales pump shit tokens which newbies chase after then later dump it when enough profit has by made.
One bad habit to avoid is the act of impatient, just invest and forget about it and when you come back years from now, you'll be in so much profit that even though the market dip, you won't be at loss.

[michellee]

Wouldn't say that you can avoid it all the time tbf. It's about handling it instead. E.g., a rapid market crash can lead to you creating panicked moves, rather than settling down and thinking properly about what to do. You're still panicking ofc, but you won't let it affect your capability to come up with a proper judgment. Not to mention that well, losing money in general when investing is something natural, whether it was worth it or not.

Investing short term though is still possible, albeit difficult. You just have to get the timings right imo and you can still do it, though just simply waiting for the bottom might be much easier in most cases. 

When the market moves down, we shouldn't panic because that will trigger us to be affected by the happening circumstances and we can't handle it. Our psychology as traders and investors will definitely be affected but if we have good self-control, it won't happen to us and instead, we can find a way to use that moment for our benefit. Investing and trading certainly have their respective risks and we must know how to anticipate them so that we don't panic if market conditions change direction. Losing money is a risk in investing and trading so we must be prepared for that risk.

[AnonBitCoiner]

Yes these are the things which should be avoided during trading and investment if we think that now market is good and we should put all the money in certain coin will be a foolish idea because certainty is not in trading. No one will be sure that it will be more successful or become a reason of losing whole of cash at once. concept about it, learning, experience, patience and diversification of cash are all important steps to overcome loss.

[alik111]

In bear market the biggest mistake is to open trades opposite of trends. We should follow trends and open short position to make profits in bear market. Another one is panic selling of cryptos. We should not be afraid and avoid panic selling. Wait until the market recover.

[virasisog]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

For me, our mental health is the first thing that we have to consider so we can make the right decisions in trading. If we are not mentally stable, more mistakes would follow such as panic and overtrading. We will surely trade based on our emotions which will result in tons of losses in the end.
As we begin with a trading, we have to make sure that our state of mind is in the right condition and that we have the right and positive mindset no matter what the market situation is.

[Agbe]

Everyone is eager to make money from the market and that's why we invest. It's because we've been told that people who are so rich right now went through all their ways and riches through investing.

But that's the truth although they didn't have as much bad habits as we do today when investing. Those who are rich today through investing had long term goals when they invested and were not move by the short term market movement as we are seeing recently.
Today investors are impatient and just want to make quick money which is why we're seeing so much volatility in the market.
The whales pump shit tokens which newbies chase after then later dump it when enough profit has by made.
One bad habit to avoid is the act of impatient, just invest and forget about it and when you come back years from now, you'll be in so much profit that even though the market dip, you won't be at loss.

The eagerness of making the money is increasing day by day. The massive investment of the market is also a contributor to the bear or dip market. To some extent or if it is possible we need or want everyone in the world to participate or involve in bitcoin so that old monetization policy would fade away and the new technology will take place. It is when the massive investment take place in the ecosystem that the Fiat physical currency will also bow down to the digital cryptocurrency. Well stories have been really told about billionaires came out through investment. The investment approach has been changed. The eagerness of this investment by some scrupulous elements cause the uncertainty market.

[Mauser]

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

All these mistakes are not limited to bear markets in my opinion, they are also problems in bull or sideways markets. Panics and following your emotions is never a good idea in trading, no matter the market condition. Investing short term only works when you know what you are doing. Day trading is a very risky business and you can lose money quickly, during bear markets there is a lot of volatility in the markets and price tend to fluctuate more quickly. For me the best trading approach became to stay long term invested during bear markets. Don't give into the all the selling pressure and wait for prices to recover before consider selling any investment. Overtrading I see more as a big mistakes during bull than bear markets. If you sell all your positions in a bear market there isn't much overtrading you can do. But during bull markets where you see alt coins rising a few hundred % the pressure is much higher to trade more often. And finally mental health, this is probably the most important factor when it comes to trading and investing. We need to make sure that our mind is in a good spot, otherwise we will be burned out after a few weeks of trading.

[LUCKMCFLY]

I think focus on metal health is much important than any thing else.
 If anyone want long term holding, must keep in decentralized wallet and stick only to bitcoin don't go toward alts for long term.
However intraday trading is best in bear market like quick in and out, no need to open leverage trade for the sake of certain target nobody know what will be the situation of market tomorrow. Don't be a victim of FOMO.

Have firm faith in crypto

I would say that you should have faith well placed in BITCOIN and not in other altcoins, you just have to remember what happened with LUNA to give us an idea that all altcoins will never be safe, the only safe thing here is and will continue to be Bitcoin and that it is something that no one can go against, so these things can happen with reality in our mind, which is the only asset that will always be the best safe haven, even at one point it will be much more valuable to have Bitcoin than gold, that is something that cannot be denied, only in a few years will we know what BITCOIN is capable of reaching, something that we can only be aware of being much higher every day.

[so98nn]

Or there is one single good advice follow on the bear market - HODL.

That is the best friend in this market and you can literally do miracles with hodling process. We can save ourselves from loss, if we do a cold storage then we can stop loosing our heads over panic and FOMO situations and get out of the trouble just like what you mentioned.

A true HDOLER will never ever go through the trouble that you mentioned. So easy than minding five different points. 

[Wakate]

Or there is one single good advice follow on the bear market - HODL.

That is the best friend in this market and you can literally do miracles with hodling process. We can save ourselves from loss, if we do a cold storage then we can stop loosing our heads over panic and FOMO situations and get out of the trouble just like what you mentioned.

A true HDOLER will never ever go through the trouble that you mentioned. So easy than minding five different points. 

Sometimes I do think if there is any ways we can avoid the the 5 bear mistakes. We are all humans and there is not way that we won't become carried away by our greed or interest when we talk about all these mistakes. Hodl is a very important aspect of being an investor. If we can't hold or we are easily moved by the market reaction then we might end up getting it wrong. For those of the Bitcoin millionaires that we have now, what get them to that height is because they keep holding even when Bitcoin falls from 12k to 5k. I think there is more fortunes in holding than just being an ordinary investor.

[Pamadar]

I think focus on metal health is much important than any thing else.
 If anyone want long term holding, must keep in decentralized wallet and stick only to bitcoin don't go toward alts for long term.
However intraday trading is best in bear market like quick in and out, no need to open leverage trade for the sake of certain target nobody know what will be the situation of market tomorrow. Don't be a victim of FOMO.

Have firm faith in crypto

I would say that you should have faith well placed in BITCOIN and not in other altcoins, you just have to remember what happened with LUNA to give us an idea that all altcoins will never be safe, the only safe thing here is and will continue to be Bitcoin and that it is something that no one can go against, so these things can happen with reality in our mind, which is the only asset that will always be the best safe haven, even at one point it will be much more valuable to have Bitcoin than gold, that is something that cannot be denied, only in a few years will we know what BITCOIN is capable of reaching, something that we can only be aware of being much higher every day.

Unless you are willing to take that big risk in hope of big gains, there are many available assets that you can choose, aside from Bitcoin, which already has a huge value and if you are just a small player, the profits are also small.

With alternative projects, there are investors and investors who continue chasing to have a good ride
with new or old projects that might be experiencing a good pump when there's available new that will
attract community to invest and support.

[Distinctin]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

So true, I remember how I have done each one of them during the previous bear runs, I thought all these actions would protect my capital or maybe give me a gain out of this bear market but I was so foolish and little did I know that I am just destroying my portfolio and nothing other than that. Best thing to do during such time is stay away from the market, because if you are in the market it's already too late to do anything because the damage has been done and if you are outside the market place a buy order at the floor you expect and sleep peacefully and wait for the bull run or market showing some correcton.

Whenever bear market attacks, it’s best not to monitor the market value and just leave the market while waiting for the market to recover. However, learn to take advantage when the market is in deep bearish as it would be the perfect moment to buy bitcoin and accumulate more to maximize your portfolio. While waiting for the bullish market, just learn to love too whatever the bear market has to offer.

[gunhell16]

Investing short-term

Many people make mistakes in this part, as an individual entering this type of industry, we must first know what type of investor we are, because the characteristics of long-term and short-term investors are different. And know if most people here on this forum know it.

Many people enter cryptocurrency with the desire to make a quick profit here, even if they don't have enough and don't know about it yet, so the result is always losing or losing their capital when it doesn't even grow. Although investing short-term is true that we can earn here every day, we must also consider that the cryptocurrency market is volatile and unpredictable, so an individual trader must have an understanding of the matter.

[Sayeds56]

Or there is one single good advice follow on the bear market - HODL.

That is the best friend in this market and you can literally do miracles with hodling process. We can save ourselves from loss, if we do a cold storage then we can stop loosing our heads over panic and FOMO situations and get out of the trouble just like what you mentioned.

A true HDOLER will never ever go through the trouble that you mentioned. So easy than minding five different points.  

No doubt HODL is the best advice if you have the capacity to hold your asset for long term and continue adding more assets in your portfolio during the bear market, if you have got extra funds for investment. I think all experienced investors understand the benefits of holding assets for long term but sometime due to urgent cash needs they have to sell their assets in loss. This is why I think, we should only invest extra funds, what we won't need to sell even in case of any emergency.

[rat03gopoh]

Bear markets don't panic much because they happen slowly, unless there's a sudden big dip. Bear markets generally go wrong when people:

• take the all news media seriously because of FUD and then change the investment term while they are losing.
• change portfolio to shitcoin which is generally believed to recover faster without following global market volatility.

[albon]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

In my opinion, I see that panic is the worst thing that afflicts any trader and causes him a great loss. Therefore, any trader who wants to make great returns must maintain his psychological stability and optimism. Also, investing in the short term is one of the worst mistakes that some of us make in the bear market, because short-term investment is somewhat more challenging and difficult and you need to predict accurately the tokens' prices from your technical analysis, also its profits are not large compared to the long-term and there is a great risk of losing your funds. Therefore, each of us should not make mistakes in trading and investments that make us regret it.

[Hamza2424]

So many good replies here but I would like to endorse the best tip here. The hold is gold dear never panic in the sudden dumps as sometimes small manipulations dishearten you and lead to a major loss. Try to be updated, yes in terms of the news but never get trapped in the fuds. That's all I can say I know a maximum of us are advising the same but the fact is this is the only thing you can do.

[Silberman]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

In my opinion, I see that panic is the worst thing that afflicts any trader and causes him a great loss. Therefore, any trader who wants to make great returns must maintain his psychological stability and optimism. Also, investing in the short term is one of the worst mistakes that some of us make in the bear market, because short-term investment is somewhat more challenging and difficult and you need to predict accurately the tokens' prices from your technical analysis, also its profits are not large compared to the long-term and there is a great risk of losing your funds. Therefore, each of us should not make mistakes in trading and investments that make us regret it.

And how can traders avoid that panic? And to me the best way is to have a strategy that tells you beforehand what to do regardless of the scenario you could find in the markets, many traders do not have anything like that which is why when the price crashes they do not know what to do, basically in the moment they need their strategy to tell them what to do the most they are completely alone not knowing what to do, that is when panic kicks in and then they sell their coins for a bad price.

[Obari]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

Your points are short and precise and most times it's not really easy to out to practice all that have been said.
As an occasional trader, In some cases fall victim of some of this mistakes though not intentional but FOMO.
Trading is a lucrative business and also a business with relatively very high risk end and as much as we want to make profit, we also try to avoid this risk and at the end in most cases, we still make this silly mistakes.

I personally feel guilty of panic and emotions because this two are the greatest mistakes I constantly make and I'm also battling with it and hope t over come them too

[Pamadar]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

Your points are short and precise and most times it's not really easy to out to practice all that have been said.
As an occasional trader, In some cases fall victim of some of this mistakes though not intentional but FOMO.
Trading is a lucrative business and also a business with relatively very high risk end and as much as we want to make profit, we also try to avoid this risk and at the end in most cases, we still make this silly mistakes.

I personally feel guilty of panic and emotions because this two are the greatest mistakes I constantly make and I'm also battling with it and hope t over come them too

Most of us, if not all, will admit of that such mistake, panic because of fear and that emotion base trading which most of the time kills your position when deciding how to act in each market movement.

You can always try to improve, but there's always a chance that you will fall into panic
especially if you are not mentally and financially stable.

Encountering things like this will really hurt you, but it's always you to decide on how
to improve and how to overcome to attain success.

[posi]

Or there is one single good advice follow on the bear market - HODL.

That is the best friend in this market and you can literally do miracles with hodling process. We can save ourselves from loss, if we do a cold storage then we can stop loosing our heads over panic and FOMO situations and get out of the trouble just like what you mentioned.

A true HDOLER will never ever go through the trouble that you mentioned. So easy than minding five different points. 

If you want to talk about holding, then you need to add one more important thing the asset you are holding is bitcoin and does not have any altcoins in it, because holding altcoins does not guarantee that you can avoid losses.

For altcoins that should only be traded or short-term investments, if an unexpected bear market occurs, you need to cut the loss of everything. They are not like bitcoins that will always rise again, some will not be able to recover and die.

[kamvreto]

~snip~For altcoins that should only be traded or short-term investments, if an unexpected bear market occurs, you need to cut the loss of everything. They are not like bitcoins that will always rise again, some will not be able to recover and die.

For the most part, altcoins will not recover, but if we look at Ethereum, BNB as the main targets for altcoins, then it is not wrong to choose these two coins. when bitcoin starts to become unstable and tends to be more bearish, ETH and BNB will also be affected but not like other altcoins. Bitcoin is the main investment, but the top altcoin can also be a secondary option.
and remember, don't cut your losses if the coin still has better potential.

[sulendra12]

Investing short-term

How long is the "short-term" anyway? I don't think it's a mistake to invest on short-term as long as you have reached the goal of your profit and would like to wait the price to go down a little bit more before buy back for more profit. Although it could be called as trading rather than investing but the general idea still applies that it just depends on the person and how they manage to pull up the short-term invest to profit.

[SirLancelot]

Investing short-term

How long is the "short-term" anyway? I don't think it's a mistake to invest on short-term as long as you have reached the goal of your profit and would like to wait the price to go down a little bit more before buy back for more profit. Although it could be called as trading rather than investing but the general idea still applies that it just depends on the person and how they manage to pull up the short-term invest to profit.

I think the duration of a short term investment can be a month or two. Trading is still different from it because trading can be done daily. There is nothing wrong in doing short term investing but in fact they are more ideal in a bear like this because the bull run is taking longer to occur and we might be itching to sell for some profits.

In a bear market, you can buy at lows and then you can sell after some time as price doesn't became stagnant or can continue dropping but they do also recover. Trading is even better to do because the fluctuations is a bit high during a bear market but I know that many of us are scared to do it. They think trading is too risky so they just prefer to invest for the long term.

[Swapin]

Good post. Very important to keep the right mindset during a bear market.

[Hamphser]

Good post. Very important to keep the right mindset during a bear market.

Very easy to say but when you are on the situation then you would definitely be messing up and wont be able to follow on what you had read up recently.This is where things or experience do comes into play.

Its really that good to see if you do really be able to read up someones experience and their actions towards bear market which neither a certain person who do able to read up specially newbies
might or might not able to mimic or follow it out until they would be experiencing it through themselves in this regard.

Mistakes are really that inevitable specially into this market which is really that unpredictable.There's no way that you could really be able to avoid out
on what are the things you must do on random basis.There's no such thing about 100% precision when it comes into your indicators or analysis or whatsoever
but it is really much more better compared to those who had made out some steps without having these considerations.

[wiss19]

Another big one is not having any system. If you do not have anything ready for these periods, then you will run around like a moron, but if you are ready for it and already done something then you should be fine. I personally believe that the best thing to do would be making sure that you profit as much as you can from whatever you can, and in order to do that you should have a written plan.

My plan is always the same, find as much income as possible, and put it on bitcoin as frequently as possible during this period, no matter how low it gets, I keep buying more and more because I have the utmost trust on bitcoin that it will grow bigger again, so the more I have the better.

[Insanity]

So many good replies here but I would like to endorse the best tip here. The hold is gold dear never panic in the sudden dumps as sometimes small manipulations dishearten you and lead to a major loss. Try to be updated, yes in terms of the news but never get trapped in the fuds. That's all I can say I know a maximum of us are advising the same but the fact is this is the only thing you can do.

If you can hold for some time, you can be very profitable. If you hold for some time, you have to bear a lot of losses, so it is always better to hold after understanding everything, and if you hold without understanding anything, then you will face many problems.  Be very careful.

[Sebas.tian]

Those things you just mentioned here OP are very common among crypto traders and investors, which is not helping them to improve in profits making because they failed to avoid them completely in the community. Mental health can make you not to concentrate well in your long term trading or short term trading to know when to buy and hold or when to sell in the market because bad season will change to good season in your eyes, and good season will change to bad season in your eyes. Panic has pushed many traders and investors to experience losses in this bearish season, because they are tired of holding based on what people told them that cryptocurrency will soon die without carry out their personal research.

[lienfaye]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Well, we can't expect the result to go as planned because that's not how it work usually. So before you decided to become a trader, it is necessary to know the possible consequences if ever the market turned bearish. Fill your mind with knowledge so that you will not be surprise if ever worse case happened.

Thus, manage your expectation, always control yourself and set aside your emotions. It's common to feel afraid at times but learn to overcome it if you want to be a huge gainer.

[oprahwindfury]

The main rule you should adhere to in a bear market is to avoid making rash sales. You won't lose anything if you don't sell, and you should be clever enough to stockpile while coin prices are still low on the market. I suppose that occasionally, even as traders, we might still have such feelings.
We don't always feel secure in our choices because circumstances are always shifting.

[wiss19]

Sometimes a mixture of all these mistakes you mentioned can be good actually.

1. Panic -  If you don't panic at all you may end up holding a shit coin for too long.
2. Putting in Emotional Efforts - If you have a feeling an unknown coin is going to blow up big time, you have to take the risk.
3. Investing short-term - Why not?? I mean if you see profits and potential downfall, just cash out at the right time!
4. Overtrading - Agree with this point actually. You don't need to trade all day.
5. Mental Health - I feel like it's more appropriate to say wealth management since you won't have mental issues if you are trading with limited funds and know how to manage it.

[usekevin]

Bear market is the essential as like the bull market,it is Essential  use both the market to gain bulk of profit from it.Only during the bear market we can buy the low price for the potential altcoin and tokens.So when the market response should be used wisely for the profit.The most important things to avoid is selling due to the panic selling during the the bear market.

[LUCKMCFLY]

Price behaviour on crypto is very unpredictable and no person nor bot can catch up on that price data to open an accurate position. Futures trading is purely a gambling with an extra difficulty from exchange that liquidates open position at random basis. Even with a good risk management will not stand on a manipulative market. I stop futures long time ago and just focus on spot trading and sometimes margin trading with lower lev.

Since people already know this then why do traders think they can some how predict the price correctly and beat the system? Or like some member said above, continous practice will eventually make a trader perfect in the field when it is clearly untrue. If bot or nobody can catch up the price correctly then no strategy applied can completely zero the chances of losing money.

Future trading is high risk high reward kind of trade (if you are lucky) because the exchange will always have the upper hand since it was designed that way. You can manage your risk by not being greedy.

Well, 95% will always be a real number, to be honest it is very difficult to be profitable in trading, profits are something that is always pursued, but I think that not everyone understands that things in trading if they were seen as a business would bear more fruit, they were not something so out of the ordinary and that it was not seen as a way to make quick money and be millionaires, everyone who arrives thinking that (which is the majority) is doing poorly, the best thing is to have profits , small but always, I think that in some way if the people who trade are satisfied with making small gains, and I think that's where things start to be good, and stop being part of that 95%.

[GreatArkansas]

(....)

If you can hold for some time, you can be very profitable. If you hold for some time, you have to bear a lot of losses, so it is always better to hold after understanding everything, and if you hold without understanding anything, then you will face many problems.  Be very careful.

It also depends on what cryptocurrency you hold, remember that most of the altcoins there are shitcoins or scams or useless. This is already proven all over time, Bitcoin and Ethereum proved it already over time.
Your holding time will become worthless if you hold the wrong coins so it is always better to research before deciding to hold for the long term because it's not the time you lose here, you may lose your hard-earned money too.

[len01]

The main rule you should adhere to in a bear market is to avoid making rash sales. You won't lose anything if you don't sell, and you should be clever enough to stockpile while coin prices are still low on the market. I suppose that occasionally, even as traders, we might still have such feelings.
We don't always feel secure in our choices because circumstances are always shifting.

That is why it is highly recommended to choose old coins that have a good reputation and have a good track record from the past.
if we hold a good coin, of course, in a situation like this, we won't rush to sell it. because we know that the coins we hold will have a high value if we are willing to be patient waiting for the bullish season to arrive.

and on the other hand the reason for holding a reputable coin is that we will feel more comfortable and secure when holding it for the long term without worrying if something happens in the future.

[QueenVera]

Bear market is the essential as like the bull market,it is Essential  use both the market to gain bulk of profit from it.Only during the bear market we can buy the low price for the potential altcoin and tokens.So when the market response should be used wisely for the profit.The most important things to avoid is selling due to the panic selling during the the bear market.

This selling pressure can be avoided by staying away from the market, most people that panic sell is because they have been influence by the fud the market is spreading so they become scared and what to get rid of their investment before the market takes more dip.

Sometimes they become lucky and get some fiat to reenter the market when the fud are over but other times they become so unlucky as the coins don't fall further or they misses out on the opportunity to reenter the market either because they were still expecting further dip or they chicken out.

With bear market we shouldn't be too interested in the price of our investment projects, if you believe to have Invested in the best projects like Bitcoin, Ethereum etc then just relax for the bear market to be over and recheck your portfolio during the bull market or you'll be disappointed always when you check during bear market.

[harapan]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

One of the best ways you can protect your money is to take them off online accounts and also exchnages

During bears a lot of opportunities are seen as it is the best time to buy rather than panic selling.

These periods test how much patience this so called investors have to see how much of a serious longer term holders they can be.

Protecting once mental health matters alot especially watching your portfolio dismissing gradually before your eyes, you should have known the unstableness cryptocurrency has before delving in.

[Vaculin]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Well, we can't expect the result to go as planned because that's not how it work usually. So before you decided to become a trader, it is necessary to know the possible consequences if ever the market turned bearish. Fill your mind with knowledge so that you will not be surprise if ever worse case happened.

Thus, manage your expectation, always control yourself and set aside your emotions. It's common to feel afraid at times but learn to overcome it if you want to be a huge gainer.

Position your mindset and be open for all outcomes as we can’t completely predict what will be the result of our action. Thus, expectations vs reality will really matter the most. If you know how to deal with this, you won’t fall deeply in times of market crashes. You will continue to survive despite of your losses, and with experience that you gained, success will still likely to be obtained in the end. That’s why having a positive spirit is already a success for us.

[Captain Corporate]

Another one that I always forget; keep it tracked as much as possible. I have failed to keep a track for a while on everything I do, and then suddenly I saw some unexpected numbers, and realized that I have no idea why I had some stuff, turns out if you do not track every move then you are going to forget some things that happened like a week ago or two weeks ago and that will result with you losing money. Only possible good thing come out of this could be me forgetting something and then the price skyrockets during bull run and I get like x50 return without even realizing and finding out, but during bear market its not like that.

[BitDane]

OP forgot to list random investing in a crashing cryptocurrency.  We should do our research every time we intend to invest to something.  We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time.  If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.

[Pamadar]

OP forgot to list random investing in a crashing cryptocurrency.  We should do our research every time we intend to invest to something.  We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time.  If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.

Knowing how solid is the foundation is very important if you are aiming for long-term investment,
project that have good usages will survive in a volatile market like crypto.

As long as there are users who will continue to support and follow the project, the chance of gaining
good value will take place. The very reason you should always do your deep research before making
your decision to invest in your chosen project/s.

[ajanwalker]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

One of the best ways you can protect your money is to take them off online accounts and also exchnages

During bears a lot of opportunities are seen as it is the best time to buy rather than panic selling.

These periods test how much patience this so called investors have to see how much of a serious longer term holders they can be.

Protecting once mental health matters alot especially watching your portfolio dismissing gradually before your eyes, you should have known the unstableness cryptocurrency has before delving in.

It does not end with withdrawing coins to the cold wallet. It is necessary to follow the team of the coins you have withdrawn to the cold wallet. Mng token also happened to me. I sent the MNG tokens to the Trust wallet so that they do not stay on the Mexc exchange. One day I got bored and sent the MNGs to the Mexc exchange so I could sell the MNGs and get another token. Since the contract address has changed, my MNGs have not been transferred to my exchange account. I talked to the exchange officials and they said they will return the MNG tokens to you for $42. Nor did I agree to pay $42 for MNG tokens, which were already at the garbage level. Unfortunately, there is such a problem with receiving coins in a cold wallet.

[Cling18]

OP forgot to list random investing in a crashing cryptocurrency.  We should do our research every time we intend to invest to something.  We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time.  If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.

Knowing how solid is the foundation is very important if you are aiming for long-term investment,
project that have good usages will survive in a volatile market like crypto.

As long as there are users who will continue to support and follow the project, the chance of gaining
good value will take place. The very reason you should always do your deep research before making
your decision to invest in your chosen project/s.

The bearish season is the perfect time to invest but we should also know the right coin to invest with. We should be smart in choosing a potential and active coin so we'll never fill our baskets with trash coins. Doing our own research is always necessary so we will have a complete idea of what to buy. As for me, top coins that have been in different market cycles are the best option in case we're having doubts about new projects.

[carlfebz2]

OP forgot to list random investing in a crashing cryptocurrency.  We should do our research every time we intend to invest to something.  We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time.  If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.

Knowing how solid is the foundation is very important if you are aiming for long-term investment,
project that have good usages will survive in a volatile market like crypto.

As long as there are users who will continue to support and follow the project, the chance of gaining
good value will take place. The very reason you should always do your deep research before making
your decision to invest in your chosen project/s.

The bearish season is the perfect time to invest but we should also know the right coin to invest with. We should be smart in choosing a potential and active coin so we'll never fill our baskets with trash coins. Doing our own research is always necessary so we will have a complete idea of what to buy. As for me, top coins that have been in different market cycles are the best option in case we're having doubts about new projects.

When you do have the money then it would be ideal on sticking on buying coils which is on top rank and if i do have that capability then i would definitely do the same thing.Its really be that a wise move if you
are really that buying or accumulating coins on a bear market.You cant just make yourself doing such step when its already bull run.If thats the case then it is really just
depending on your choice and preference on which projects you would really be tending to accumulate.It would be wise if you do get in while its still cheap rather
making some purchase when the price is already soaring up.If you do want to maximize then it is really just that depending on you on when you would be getting in.

[Pamadar]

OP forgot to list random investing in a crashing cryptocurrency.  We should do our research every time we intend to invest to something.  We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time.  If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.

Knowing how solid is the foundation is very important if you are aiming for long-term investment,
project that have good usages will survive in a volatile market like crypto.

As long as there are users who will continue to support and follow the project, the chance of gaining
good value will take place. The very reason you should always do your deep research before making
your decision to invest in your chosen project/s.

The bearish season is the perfect time to invest but we should also know the right coin to invest with. We should be smart in choosing a potential and active coin so we'll never fill our baskets with trash coins. Doing our own research is always necessary so we will have a complete idea of what to buy. As for me, top coins that have been in different market cycles are the best option in case we're having doubts about new projects.

You need to sort things out, then decide before taking your step. There are many available projects to choose, but before deciding
make sure that you really do your assessment and analysis.

I like the idea of top coins that have been in the different market cycles, as the projects already experienced
the situation before and manage to bounce back and bring decent benefits, risking can be favorable if you
have that patience to wait and hold.

[Ryu_Ar1]

What you say is true, but on the other hand in this case it is actually easy to say that but very difficult to hold back.
When there is a bear market, of course there is panic and this is normal, but there are those who can overcome the panic and there are those who don't immediately sell and get out even though they realize that they are losing.
I will not be naive because I also feel panicked, so my anticipation for now is that I stay away from trading and look at the portfolio so that my mentality doesn't fall and I continue to increase my load with the DCA system every month.

[LUCKMCFLY]

What you say is true, but on the other hand in this case it is actually easy to say that but very difficult to hold back.
When there is a bear market, of course there is panic and this is normal, but there are those who can overcome the panic and there are those who don't immediately sell and get out even though they realize that they are losing.
I will not be naive because I also feel panicked, so my anticipation for now is that I stay away from trading and look at the portfolio so that my mentality doesn't fall and I continue to increase my load with the DCA system every month.

What happens is that when there is a bearish market, the news does not help, the news is very tabloid and tends to forecast the worst things, they almost say that bitcoin will reach zero, things like that, they do that on purpose for that they can sell everything they have in crypto so that the whales can buy it very cheap, but it is not understood at the moment, because it is money, and money hurts people, so it is difficult to say here and elsewhere that they have the money put there, that's why whoever believes in Bitcion has the ocniviction that bitcoin will come to have a very great value and this will make it possible to fill up with much more wealth, but people do not understand it.

[livingfree]

Investing short term isn't a mistake. We're even investing long term and we can't just tell people to go long if they don't really want to.

Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.

Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.

[samcoin]

Investing short term isn't a mistake. We're even investing long term and we can't just tell people to go long if they don't really want to.

Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.

Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.

I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.

[ShowOff]

I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.

Of course it's good to hold on to a bullish start even though we never know what lies ahead. And of course they really have to learn from the previous ATH cycle because I'm sure the same thing could happen again in the next cycle. It would be great if bitcoin was able to break through 3x the previous ATH, that's almost $200K.

But now is not the time to imagine big things before we are fully prepared to do them. It's time to invest, and time to get lots of bitcoin at low prices. The next halving isn't too far away, a year won't be long.

[AmoreJaz]

I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.

Of course it's good to hold on to a bullish start even though we never know what lies ahead. And of course they really have to learn from the previous ATH cycle because I'm sure the same thing could happen again in the next cycle. It would be great if bitcoin was able to break through 3x the previous ATH, that's almost $200K.

But now is not the time to imagine big things before we are fully prepared to do them. It's time to invest, and time to get lots of bitcoin at low prices. The next halving isn't too far away, a year won't be long.

there's nothing wrong if you will sell early, as long as you feel you got your profits from your investments. because we have our own needs when it comes to money.
also, if i may add from the OP's list of mistakes to avoid - don't invest using a loaned/borrowed money especially in volatile market like crypto. don't think that you can recover it because you have no assurance when will that be. and most loaned money have their interest on top of it. so you may end up deep in debt rather than on the positive side.

[abel1337]

I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.

Of course it's good to hold on to a bullish start even though we never know what lies ahead. And of course they really have to learn from the previous ATH cycle because I'm sure the same thing could happen again in the next cycle. It would be great if bitcoin was able to break through 3x the previous ATH, that's almost $200K.

But now is not the time to imagine big things before we are fully prepared to do them. It's time to invest, and time to get lots of bitcoin at low prices. The next halving isn't too far away, a year won't be long.

there's nothing wrong if you will sell early, as long as you feel you got your profits from your investments. because we have our own needs when it comes to money.
also, if i may add from the OP's list of mistakes to avoid - don't invest using a loaned/borrowed money especially in volatile market like crypto. don't think that you can recover it because you have no assurance when will that be. and most loaned money have their interest on top of it. so you may end up deep in debt rather than on the positive side.

I agree with you. Profit is still profit and I don't think that selling early is a big mistake especially if it is according to your own plan. We traders follow our plan and we have the position set up on plans like that, If it got hit be happy since your plan most likely is a success. If you regret on not maximizing your profit, I believe that you need to zoom out your charts again and see the bigger picture on where does your trading pair more likely going to.

My take on this is profit is profit no matter how small the profit is. Having regrets? Evaluate yourself on how you did come up with position you currently are in.

[jaberwock]

Investing short term isn't a mistake. We're even investing long term and we can't just tell people to go long if they don't really want to.

Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.

Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.

I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.

There will be a lot of people who will sell as soon as we hit 20k+ and they will regret that later on. I am one of those people who had a lot of bitcoins back when bitcoin didn't worth much and I regret not keeping them. I would have millions and millions of dollars, maybe over 50 million dollars total if I kept all my coins, but I sold them all, have only a tiny amount right now that I can spend in a day.

All those people who own some right now and willing to sell as soon as it's 20k or 25k will regret it. Even anything over 30k would be bad. Everyone should wait for ATH to sell unless they need the money urgently, in that case there is nothing to do of course.

[irhact]

I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.

There could be so many reason why they sold that early, maybe it was part of their investment plans to sell at that price so we shouldn't be thinking they're at a loss. Maybe if they held a little longer they would had profited more but don't forget that it isn't always a straight ride to that further peaks you talked about, some times they market dip and not many could hold through.

Provided you're in profit it's better you get hold of those than anticipating for future gains that aren't guaranteed. The end goals of the game is to be in profit so don't be greedy in hoping for speculated gains and secure what you have first at hand, you can always rebuy later as the market will dump in the future just as we're experiencing now.

[livingfree]

Investing short term isn't a mistake. We're even investing long term and we can't just tell people to go long if they don't really want to.

Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.

Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.

I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.

Yeah, it's a mistake for many we've seen that the price later has shooted up and was higher than the earlier folks that have sold it.

Can't say that it's a mistake as well but it's just regretting to see that when you're not able to sell at the maximum price, you're feeling that you did a mistake.

Selling early depends on how you look at the market because you may see it higher this time and you have to sell early because you don't know if by the next several days, a dump is coming.

[RockBell]

Talking about panic and fear I feel is the same thing once they see the market has not been in their favor the next step to take is to sell, the issue is not only bitcoin experienced bear but all most every market both tesla, etc. putting emotion while holding to might just keep give you heartbreak and most people are always ready to sell once is not in their favor, and the best thing avoid futures and altcoins

[TheUltraElite]

Talking about panic and fear I feel is the same thing once they see the market has not been in their favor the next step to take is to sell, the issue is not only bitcoin experienced bear but all most every market both tesla, etc. putting emotion while holding to might just keep give you heartbreak and most people are always ready to sell once is not in their favor, and the best thing avoid futures and altcoins

Why sell now at a loss when you can sell in near future at profit? Big companies might be seeing losses but that means they will go back up again. It is just a game of patience. Dont end up making the market your life, you will not be able to handle it. Risk management and bankroll management helps to prevent this. If you commit too much of your monthly income into market you will face these problems more often.

Altcoins will always be acting like this, which is why switch to bitcoins as soon as possible from your end. Controlling emotions also need practice, which comes after months of trading, better if dummy trading is done. Futures is a gambling method, it is not spot trading. If you are doing futures, you are essentially gambling so decide whether you want to play your luck or stick to spot with your skills.

[lixer]

Talking about panic and fear I feel is the same thing once they see the market has not been in their favor the next step to take is to sell, the issue is not only bitcoin experienced bear but all most every market both tesla, etc. putting emotion while holding to might just keep give you heartbreak and most people are always ready to sell once is not in their favor, and the best thing avoid futures and altcoins

You don't look like you are a noob so you better improve that mannerism of yours. This was also for your own good. It's true that the crypto market isn't alone in terms of being bearish. I think that is due to economic issues that the world is facing right now, as we know that other markets are more related to the real world events or can react more to it.

Emotions are normal as a human being but there are some people who are just weak and naturally emotional. If you are like this then you better avoid dealing with riskier stuffs such as investing, trading and more in gambling. There are still ways to fix that conditions. You better work on it first.

[RealMalatesta]

There could be so many reason why they sold that early, maybe it was part of their investment plans to sell at that price so we shouldn't be thinking they're at a loss. Maybe if they held a little longer they would had profited more but don't forget that it isn't always a straight ride to that further peaks you talked about, some times they market dip and not many could hold through.

Provided you're in profit it's better you get hold of those than anticipating for future gains that aren't guaranteed. The end goals of the game is to be in profit so don't be greedy in hoping for speculated gains and secure what you have first at hand, you can always rebuy later as the market will dump in the future just as we're experiencing now.

I am in profit right now even at this price for example, and I still do not understand people who sell it when it's low. Like for example today, there are so many people who are selling bitcoin today, if it's for trading I may understand but if it was ONLY for trading then the price wouldn't be low, there would be buyers who would take it higher.

It means even at this price there are some people who are willing to sell, which makes absolutely no sense to me whatsoever. I hope that people grow out of this selling phase and start buying it again, because this doesn't help anyone, why stick with the market that hurts all people, when we could just go up.

[Pamadar]

Investing short term isn't a mistake. We're even investing long term and we can't just tell people to go long if they don't really want to.

Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.

Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.

I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.

Yeah, it's a mistake for many we've seen that the price later has shooted up and was higher than the earlier folks that have sold it.

Can't say that it's a mistake as well but it's just regretting to see that when you're not able to sell at the maximum price, you're feeling that you did a mistake.

Selling early depends on how you look at the market because you may see it higher this time and you have to sell early because you don't know if by the next several days, a dump is coming.

It's a toug decision especially if you already experienced that huge volaitility, selling early with profits is not a mistake but it serves that you are just wanting to earn with the asset that you hold.

If that kind of situation take place, it's better to move forward as you still have profits and that still good
compared with mistakenly wait and huge dump happen and you find yourself being trap and unable to sell
with profits, worse, you sell your coin with losses.

[Fondarchand]

A person should not believe on the ideas of other person and if the market is high then just get your profit and leave behind the greedy behavior that it will enhance once more greater than this one.

 Emotion should be in control and think about your mental health if you become active all the time and work actively then you will be successful very soon. These are good ways of making money in cryptocurrency trading.